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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Hanover St Pottstown, PA 19464-1860

    • Apartment buildings
    • 9,160 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0131275
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1001 Hanover St

    Year built
    1979
    Lot size
    0.46 lot acres
    Property size
    9,160 SF
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    60-00-01300-00-8
    APU
    600001300008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,355,000
      Market price range: $729k - $1.75M
      AI Estimate
      $794,000
      Market price range: $266k - $1.05M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,275,000
      Current use
      OFFICE BUILDING
      $1,500,000
      Change: +18% Conversion: Moderate
      MEDICAL BUILDING
      $1,445,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $1,285,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,195,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,025,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.6373
    Latitude
    40.2646
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,393
    $0.00
    $0.00
    $273,100
    -
    $0.00
    $0.00
    $273,100

    Comparable in this City

    • Value Estimation
      $2,485,000
      16,262 SF

      44 High St

      APARTMENT HOUSE (5+ UNITS) • 16,262 SF
      44 High St, Pottstown, PA 19464-5427
      View Details
    • Value Estimation
      $4,215,000
      36,960 SF

      1431 Maple St

      APARTMENT HOUSE (5+ UNITS) • 36,960 SF
      1431 Maple St, Pottstown, PA 19464-5044
      View Details
    • Value Estimation by Request
      7,841 SF

      2248 Sanatoga Sta Rd

      APARTMENT HOUSE (5+ UNITS) • 7,841 SF
      2248 Sanatoga Sta Rd, Pottstown, PA 19464-3246
      View Details
    • Value Estimation
      $1,195,000
      12,464 SF

      245 King St

      APARTMENT HOUSE (5+ UNITS) • 12,464 SF
      245 King St, Pottstown, PA 19464-9138
      View Details
    • Value Estimation
      $1,495,000
      20,904 SF

      214 Manatawny St

      APARTMENT HOUSE (5+ UNITS) • 20,904 SF
      214 Manatawny St, Pottstown, PA 19464-5260
      View Details
    • Value Estimation
      $840,000
      5,500 SF

      540 High St

      APARTMENT HOUSE (5+ UNITS) • 5,500 SF
      540 High St, Pottstown, PA 19464-7625
      View Details

    Similar Nearby for Sale

    • $2,600,000
      14,804 SF

      Pottstown Investment Opportunity: Pub & Apartments

      Turn-key bar/restaurant with apartments and commercial space for sale.
      978 E High St, Pottstown, PA 19464
      View Details
    • $1,475,000
      10,400 SF

      Mixed-Use Commercial Property For Sale

      High-visibility property with retail, residential, and potential income sources.
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    • $895,000
      19,136 SF

      Pottstown Office Complex - Great ROI

      17-Unit Brick Office Building, High Occupancy
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    • $255,000
      1,544 SF

      Pottstown Duplex with Rooftop Deck

      Well-maintained duplex on corner lot with long-term tenants.
      1200 Queen St, Pottstown, PA 19464
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    • $425,000
      0.07 Acres

      Pottstown Mixed-Use Investment Opportunity

      Four-unit mixed-use building with commercial and residential spaces.
      404 N Charlotte St, Pottstown, PA 19464
      View Details
    • New
      $350,000
      2,351 SF

      Pottstown Income Producing Duplex

      Fully rented duplex near downtown Pottstown, great investment opportunity.
      1240 E High St, Pottstown, PA 19464
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Updated Apartment Near Pottstown School

      Charming 2-bedroom apartment with backyard access, convenient location.
      524 N Franklin St St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      29,507 SF

      Prime Pottstown Medical Office Space

      West Montgomery County, 8,273 SF Available
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      View Details
    • Contact for pricing
      107,097 SF

      Pottstown Industrial Complex For Lease

      Multi-tenant industrial space, flexible layouts.
      422 Keim St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,584 SF

      Pottstown Retail Space For Lease

      Prime Pottstown storefront, 2,584 sq ft.
      207 High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      73,239 SF

      Stowe Warehouse: 6,000 SF Available

      Prime Stowe warehouse space for lease. Ideal for various industrial uses.
      221 Monroe St, Stowe, PA 19464
      View Details
    • Contact for pricing
      29,135 SF

      Tri County Plaza Retail Center

      Pottstown, PA Retail Space Available
      204 Shoemaker Rd, Pottstown, PA 19464
      View Details
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    Pottstown, PA 19464-1860
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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